How much simple interest is earned on 6,000 at an interest rate of 2.25% in 4 1/2

Question

asked Sep 25, 2018 208k views

1 Answer

WishIHadThreeGuns · Answer 1 · 2018-09-29T09:31:27+0000

The formula is
I=prt
I interest earned?
P principle 6000
R interest rate 0.0225
T time 4 1/2 means 4 years and half
Which is 4.5 (4+1/2)

I=6,000×0.0225×4.5
I=607.5....answer

Hope it helps!

How much simple interest is earned on 6,000 at an interest rate of 2.25% in 4 1/2

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions